JXPCB terminates the issuance of shares and cash payment for asset acquisition and the fundraising of supporting funds
JXPCB announced the termination of the transaction to acquire 100% equity of Shenzhen Jiazhihong Electronics Co., Ltd. through the issuance of shares and cash payment. Due to the failure to complete the audit and evaluation work on time, and the inability of the parties involved in the transaction to reach an agreement on the extension, the company decided to terminate the transaction based on prudent considerations after friendly consultations and thorough discussions, in order to protect the long-term interests of the listed company and its investors
According to the Zhitong Finance APP, JXPCB (688655.SH) announced that the company previously planned to acquire 100% equity of Shenzhen Jiazhihong Electronics Co., Ltd. (referred to as "Jiazhihong") through the issuance of shares and cash payment, and to raise matching funds.
Since the initiation of this transaction, the company and relevant parties have actively promoted various tasks related to this transaction and strictly fulfilled their information disclosure obligations in accordance with relevant regulations. Due to the expected inability to complete the related audit and evaluation work within the scheduled time, and the failure of the transaction parties to reach a consensus on the extension of this transaction, in order to effectively safeguard the long-term interests of the listed company and the majority of investors, the company, after friendly consultations, careful research, and thorough demonstration with all relevant parties, has decided to terminate this transaction based on prudent considerations
